Investing in umbrella insurance coverage can protect you from all kinds of financial problems down the road. At Goshen Group Inc., we provide umbrella insurance coverage to consumers in Glen Carbon, IL.

Unfortunately, consumers sometimes make assumptions that they shouldn’t about umbrella insurance.

Here are four things you shouldn’t assume about this important type of insurance.:

Only homeowners need umbrella insurance.

You don’t have to own a home or real estate property to benefit from having umbrella insurance. Umbrella insurance can complement not only home insurance policies but also auto and renters insurance policies. 

Umbrella insurance only offers coverage that policyholders already have through another policy.

Consumers sometimes make the mistake of thinking that umbrella insurance is a redundant type of insurance that only offers coverage for liability issues that you are already protected against. However, this is not the case. 

Umbrella insurance enhances your existing insurance coverage. An umbrella insurance policy will cover you for liability expenses that you aren’t already covered for under another policy. 

Umbrella insurance is a complicated product that’s impossible to understand.

It’s not hard to understand what umbrella insurance is and how it works. Don’t be discouraged from buying umbrella insurance because you think you don’t understand it. 

Consumers don’t need any other type of insurance as long as they have umbrella insurance.

Umbrella insurance doesn’t replace other types of insurance. You still need auto, home, and other types of insurance even if you have invested in an umbrella insurance policy.  

Reach Out To Us

If you want to avoid leaving your assets at risk, you should have umbrella insurance. At Goshen Group Inc., we’re here to provide umbrella insurance coverage to consumers in Glen Carbon, IL. Call us today to get a quote on an umbrella insurance policy.